In this episode we cover some key points you need to consider when renting a property.
1. Locating the right property – Utilise the portals Rightmove and Zoopla. Register with local estate and letting agents.
2. Choose your Landlord carefully – Always look for an accredited/licensed landlord or regulated lettings agency. Look for landlords that are licensed under local authority schemes or agencies that are regulated by organisations such as ARLA (Association of Residential Letting Agents) or NALS (National Approved Letting Scheme)
3. Agree your tenancy terms – Negotiate the terms that suit you and don’t feel pressured into signing something that doesn’t suit you or that you don’t fully understand.
4. Be prepared for referencing – Check your own credit file. Inform your employer and current landlord that they be asked for a reference. Have documentation, Passport, ID ready.
5. Have your finances in order – Factor in all applicable costs not just the rent and deposit. Tenant admin fees/referencing fees but also the costs of living in your chosen property such as Council Tax, Utility Bills, Phone/Broadband etc. Work out all the costs and check
6. Thoroughly read the government ‘how to rent’ guide – A great guide full of helpful advice and checklists. Here is the link to this guide: How to Rent
7. Check all your documentation thoroughly – Tenancy agreement, additional documents such as EPC, safety certificates, deposit terms and conditions.
8. Inventory – Always have one and if your landlord or agency doesn’t supply one then do one yourself for protection. Ideally take photographs and document as much as possible and then forward this to your landlord/letting agent.
9. Your Move in – Take your time, check everything thoroughly and report anything you think your landlord/letting agent should be aware of. Take meter readings so you have a record for yourself.
10. Enjoy your new home – Take your time to settle in and make it your home and then keep in good communication with your landlord/letting agent. Great communication is key to a successful relationship with your landlord.
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So don’t forget to contact us with any subjects you would like us to cover or questions you would like answering in the coming episodes and until next time I would like to thank you for listening and goodbye for now.